Articles

Insurance

At risk: the global nature of reinsurance

Local rules plus the effects of Solvency II may be limiting access of countries to the benefits of reinsurance, and this is a problem that needs fixing, says Frank Nutter of the Reinsurance Association of America.   3 November 2016

Insurance

Swiss Re wrestles with its P&C business

A soft market in property/casualty has pushed down Swiss Re’s results in the third quarter and in the absence of attractive investment opportunities the reinsurer decides to return excess capital to investors.   3 November 2016

Insurance

Pioneer introduces specialty contractors’ liability capability; appoints head

Pioneer Special Risk (PSR), a division of Pioneer Underwriters, has launched a specialty contractors’ and crane operators’ liability underwriting capability with the appointment of Mary Wiseley as senior vice president.   3 November 2016

Insurance

Miller names upstream energy head for US

Insurance broker Miller has appointed Alastair Dalrymple as head of its upstream energy growth strategy in North America.   3 November 2016

Insurance

AIG returns to profit in Q3 as turnaround strategy kicks in

American International Group (AIG) reported a profitable third quarter in 2016, having made a loss in the same period last year.   3 November 2016

Insurance

Wells Fargo Insurance hires former Willis SVP

Wells Fargo Insurance, part of Wells Fargo & Company, has appointed Mike Taylor as senior vice president and managing director for its local operations in Alaska and Washington.   2 November 2016

Insurance

Allied World prepared to shrink to protect profits; won’t rule out M&A

Allied World is shrinking its business in P&C, aviation and marine in order to protect profitability – but its CEO has not ruled out growth via mergers & acquisitions (M&A).   2 November 2016

Insurance

Markel turns to profit in Q3 despite declining underwriting profitability

Markel Corporation turned to profit in third quarter of 2016 after a loss in the same period in the previous year despite declining underwriting profitability.   2 November 2016

Insurance

TransRe enjoys solid growth in first nine months however profits fall

Profits at property/casualty reinsurer TransRe, which is owned by Alleghany Corporation, fell in the first nine months of 2016.   2 November 2016

Insurance

Aon acquires risk management firm; boosts cyber unit

Aon Risk Solutions, the risk management business of Aon, has acquired Stroz Friedberg, a New York-based risk management firm with offices in the US, London, Zurich, Dubai and Hong Kong.   2 November 2016

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